Right now down there. That, crickets, the sound of nothing going on. It is a sad sight indeed. Three days and 11 hours from now we will be over the cliff. The hill does not seem like a behive of activity today, but a key meeting is set for today. In about two hours time at the white house the congressional leaders will be there with the president. Good afternoon, everybody. Im tyler mathisen, Michelle Carusocabrera is with us and eamonja javers is joining us. Mary. Tyler, weve been wait in see mode on wall street as investors react to any kind of signs or headlines that come out about possible progress on a deal, a mini deal is what traders are expecting now to avoid going over the fiscal cliff. Basically weve been held in about 100 point range from the dow. It is midpoint. As you might expect on the second to last trading day, volume is light. 1 billion shares changed hands. On average we get about 3. 2 billion every day. Take a look at the vix. Its a measure of fear. Yesterday poppin
Well have a lot more on how the case is proceeding legally later in the show. We want to begin by talking about how americans have been reacting to the shooting in ferguson and to the protests that have followed. The New York Times poll this week, americans appear evenly divided on the Police Response to the protests. 32 of those surveyed said the officers went too far. 33 about the same number believe the Police Response has been about right. 15 say police did not go far enough. In contrast, 59 of those surveyed believe the protesters actions went too far. 20 feel they were just about right. 7 say they didnt go far enough. Finally, when it comes to the investigation by local authorities into the shooting of Michael Brown, 56 , a majority, have confidence it will be conducted fairly, while 34 dont share that confidence. Joining me now to discuss ferguson, and other big stories, we have john stanton the Washington Bureau chief for buzz feed and political strategist joy williams and thos
to direct what we create new jobs, put us on a new path to pay off the budget and pay down the debt. john harwood is cnbc s chief washington correspondent and joins us from the north lawn. it is axiomatic that nothing gets done until right up against or after the deadline. we know there is some flexibility in the way money can move around, but, in fact, the slowdown of the economy and i want to get to that in a second, with, you know, less payroll, smaller tax revenues, that has an impact on when this debt ceiling is going to hit. i think the fragility of this economy is something that as well as warnings from financial markets is going to bring increasing pressure on members of congress over time to go ahead and act. they say that they need to do this by the beginning of august, treasury, even though they have gone over the normal debt limit, they have got ways they can massage money in order to prevent from really hitting that ceiling until early august. and i think wha
anyone courageous enough who is a republican who will vote for it t democrats won t vote for it because it just wipes outs medicare. it takes it away from the system that we have he s known for all these years. it changes medicare that has been such a safety net for poor people. so what obama did is recognize that we are going to have to make some cuts with our health care delivery system as it relates to health care as it he relates, i m sorry, to medicare and medicaid and we can do that without turning it over to the private sector. i tell you what the concern was that paul ryan, jed hensarling and republican leaders, sitting there at george washington university went president basically accused them of doing all these things against old people and sick people. last january, january 29th, the president said this at a retreat with house republicans present. we are not going to be able to do anything about any of these entitlements if what we do is characterize whatever proposals
california, facial an astonishing charge. ahead, how he allegedly duped as many as 100 people into joining a fake army special forces unit. i m wolf blitzer, you re the situation room . but first to capitol hill, just a little while ago, the house approved that last-minute bipartisan deal to keep the federal government from shutting down. the agreement is promising to cut $38.5 billion from this year s budget but a new report released by the nonpartisan congressional budget office now shows only $352 million of that will actually be slashed this year. our senior congressional correspondent dana bash, is joining us with the very latest. these kinds of number games, it s causing a lot of concern out there because people are saying $38 billion, well, maybe just 1% of that this year. what s going on, dana? that s right. that s true. there already was concern among republicans here that their leadership cut a deal that has spending cuts that many call maybe the best way to sa